The entrepreneurship journey is often thought of as a glamorous way of life. This thinking can be attributed to what is shared on social media by the most successful entrepreneurs, who flaunt their “independence” and expensive lifestyle.
However, most individuals fail to realize that the entrepreneurs living a glam life make up a relatively small percentage, and almost all of them did not achieve that level of success without several years of struggle and financial suffering while establishing their businesses.
Furthermore, what is posted on social media is not necessarily a true representation of a person’s lifestyle.
So here’s the bitter truth. Being an entrepreneur does not entail waking up on an isolated island, making a couple of phone calls, sending a few emails, and then getting on a private plane to Venice. Even those who have successfully grown their companies, and are reaping the rewards of hard work, work on their businesses daily.
So here are a few ways that newbie entrepreneurs can make their entrepreneurship journey easier.
Don’t do everything by yourself.
Trying to do everything on your own is a recipe for a high level of stress. Even if your startup isn’t yet ready to hire full-time personnel, numerous online platforms are available to assist a business in outsourcing specific jobs for a small fee.
Outsourcing or delegating tasks is necessary because burnout may occur rapidly when a business is forming. The process tends to accelerate if the founder tries to do everything by themselves.
Another alternative for avoiding wear and tear is to start a business with a partner. Typically, each individual would be a specialist in a specific area of the startup, which would relieve the workload and be valuable in propelling the business forward.
Handle your finances properly.
Financial concerns are the most commonly reported source of stress and worry among entrepreneurs. Some people invest their whole life savings in their startups, leaving them nothing to fall back on if things go sideways.
The entrepreneurship journey is stressful, and placing all of your eggs in a startup idea that may or may not work out is not a good idea. It is critical to ensure that there is a financial cushion to help you in case of any emergencies, and this amount should be equal to the amount needed to run the startup for at least three to six months.
If that’s not possible, you should consider working a part-time job or side hustle that brings income and allows for flexible hours. And once the business is off the ground and makes enough money to run itself and pay you, you can quit your side gigs and focus on the business fully.
Be around positive people.
It is critical for a person to be surrounded by positive influences while on the entrepreneurship journey. As the journey is not an easy one, you will need people to encourage you along the way.
Get yourself business mentors who have done what you intend to do so that they can guide you properly. Some ways to get in touch with industry leaders who you would like to be your mentors are reading their books, attending their workshops, paying to get on a call with them, and asking them questions. They already have the map and can tell you things to avoid and things to do to boost your startup.
So there you have it – three ways to make the entrepreneurship journey easier. What other ways do you believe will help make the entrepreneurship journey easier? Please mention them in the comment section.
